What you can buy with... €500,000

| Fri, 07/18/2008 - 09:43
Words by Carla Passino

Half a million euros. It is staggering how that kind of budget can buy as little as a smallish flat (in Rome or Milan) or as much as a whole period palazzo in need of some cosmetic work (in Sicily). Outside the big cities, however, it usually stretches to a renovated cottage, a big farmhouse in need of restoration (in parts of Tuscany and Umbria), or even a villa (in Apulia). To give you a feel for what’s available on the market, we have chosen three among the most interesting properties at that price point.

Ca’ di Sant’Antonio, Mercatale, Tuscany

Perched on a hillside above the Niccone Valley, this postcard pretty two-bedroom stone cottage enjoys verdant views acorss the surrounding countryside which, on a clear day, stretch as far as the snow-capped peaks of Marche. Inside, exposed chestnut beams, terracotta tiling and stone walls infuse the rooms with traditional Tuscan charm. There is a spring on the grounds which supplies the property with water. For further information, contact selling agents Propertyclick (+39 0575 638185, www.propertyclick.com).

Palazzo, Modica Alta, Sicily

This palazzo, dating probably from the late 18th century, is a dream come true for Baroque lovers and interior decorators alike. The first floor has been split into two interconnectable flats, one of which is a triumph of frescoes, gilding and chandeliers, while the other was completely redone in the 1970s in the style of the time, and would need cosmetic work. “The Baroque flat is all original—the study, the music room, the dining room…” says selling agent Ramsay Gilderdale of Modicasa. “You could do up the Seventies flat in minimalist style and it would be an interesting contrast.” There is a roof terrace with an old oven on the second floor, and a garage and commercial space on the ground floor, making the palazzo suitable for an investment. For more information, contact the agents on 39 338 6527681 or visit www.modicasa.com.

Panoramic villa, Alzo di Pella, Piedmont

Graceful and elegant, this villa stands between lake and mountain in Alzo di Pella, a small hamlet in the Novara province. It is situated on a lofty spot opposite the lovely Isola di San Giulio, overlooking the island’s monastery, the quaint lakeside houses and the azure waters of Lake Orta. Built in 1925 and renovated in 1980, it has two single and two double bedrooms, one of which has a panoramic terrace. Outside, a 1,600 square metre garden with a lush lawn and perfectly shaped topiaries borders the house. For more information, contact Più Servizi Immobiliari on +39 347 5480633 or visit www.psimmobiliari.it.

And don’t forget to check our property database for more properties for sale in the €500,000 price range